Some financial analysts express the opinion that the amount of money only indirectly affects the ability to save.
What they mean is that lack of financial discipline can lead to running out of money even if you have a good income.
Capital growth is an art that requires discipline.
Let's see what the experts think about the ability to save.
How to save money correctly
Here are 5 tips.
- Analyze your budget. It is necessary to keep track of your income and expenses, which will help you understand where your money is going.
- Making a shopping list. This solution will allow you to reduce spending money on unnecessary food products.
- Inexpensive analogues. Some food products can be replaced with inexpensive options - for example, refuse products with beautiful packaging.
- Cashback. This method will not bring much money, but it is known that a penny saved is a penny earned.
- Open two savings accounts. One for important purchases and one for unexpected expenses.
